Rhinebeck Bancorp (NASDAQ:RBKB) Stock Price Up 2.6% – Should You Buy?

Rhinebeck Bancorp, Inc. (NASDAQ:RBKB)’s share price rose 2.6% during mid-day trading on Thursday . The company traded as high as $16.29 and last traded at $16.21. Approximately 5,118 shares traded hands during trading, a decline of 63% from the average daily volume of 13,689 shares. The stock had previously closed at $15.80.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Rhinebeck Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Rhinebeck Bancorp Stock Performance

The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.22. The firm has a market cap of $179.06 million, a price-to-earnings ratio of 17.62 and a beta of 0.16. The stock has a fifty day moving average price of $15.69 and a 200 day moving average price of $13.37.

Rhinebeck Bancorp (NASDAQ:RBKB) last posted its earnings results on Thursday, April 23rd. The company reported $0.20 earnings per share (EPS) for the quarter. Rhinebeck Bancorp had a net margin of 13.20% and a return on equity of 7.50%. The business had revenue of $12.66 million for the quarter.

Institutional Trading of Rhinebeck Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. bought a new stake in shares of Rhinebeck Bancorp during the second quarter valued at approximately $25,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Rhinebeck Bancorp in the 2nd quarter valued at $29,000. Wells Fargo & Company MN boosted its stake in Rhinebeck Bancorp by 46.3% in the 4th quarter. Wells Fargo & Company MN now owns 5,064 shares of the company’s stock valued at $61,000 after buying an additional 1,602 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Rhinebeck Bancorp in the 2nd quarter valued at $75,000. Finally, Barclays PLC boosted its stake in Rhinebeck Bancorp by 12.1% in the 4th quarter. Barclays PLC now owns 7,210 shares of the company’s stock valued at $87,000 after buying an additional 778 shares in the last quarter. 23.88% of the stock is currently owned by institutional investors and hedge funds.

Rhinebeck Bancorp Company Profile

Rhinebeck Bancorp, Inc (NASDAQ: RBKB) is the bank holding company for Rhinebeck Bank, a community-focused financial institution headquartered in Rhinebeck, New York. Through its subsidiary, the company offers a full range of banking services including personal checking and savings accounts, business deposit products, residential mortgage lending and consumer loans. Rhinebeck Bancorp leverages its local presence to provide tailored financial solutions and responsive customer service to individuals and small businesses throughout the Hudson Valley region.

The origins of Rhinebeck Bank trace back to the late 19th century, reflecting more than a century of service to Ulster, Dutchess and neighboring counties.